COAL & MINES

Coal India stock will last for at least 20 days, says CCL CMD amid blackout fears

Coal shortage fear: There’s no coal shortage, stocks are at a low level because of high power generation this year, Central Coalfields CMD PM Prasad on Monday. “From Coal India, we supplied at least 53 million tonnes, more than last year in the first half of financial year – almost 20% growth,” said Prasad, CMD, Central Coalfields Ltd, Ranchi, Jharkhand.

He said with respect to Jharkhand, both CCL and BCCL have seen more than 20% dispatches’ growth. “We have diluted our stocks too – about 6.5 million tonnes in CCL and about 2.4 million tonnes in BCCL,” he added.

Prasad said he was confident that in next one week it’ll stabilise and from 17th Oct it’ll further pick up. “In last 3-4 days, power plants are getting coal. If their requirement is 1.6 million tonnes, almost 1.5 million tonnes being met. I’m confident that in coming 1-2 weeks, it’ll stabilise,” he said.

The official further said: “Coal India stock will last for at least 20 days, in the case of CCL it is 1.95 million tonnes and in the case of BCCL it is 6.5 lakh tonnes.

Source
Livemint
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